Schlumberger

Oil & Gas

Schlumberger posts $10.1 billion loss in 2019

17/01/2020

Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.

Americas

Oxy shores up board with former Schlumberger CEO

03/01/2020

Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion last year.

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